Hard costs v soft costs - Revision history

Designing Buildings at 05:31, 3 August 2024

2024-08-03T05:31:00Z

← Older revision		Revision as of 05:31, 3 August 2024
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	Unlike fixed equipment that is classified as a hard cost, moveable furniture and equipment are classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are also deemed to be soft.		Unlike fixed equipment that is classified as a hard cost, moveable furniture and equipment are classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are also deemed to be soft.

−	= Related articles on Designing Buildings ~~Wiki~~ =	+	= Related articles on Designing Buildings =

	* Budget.		* Budget.

Designing Buildings at 08:48, 11 October 2020

2020-10-11T08:48:17Z

← Older revision		Revision as of 08:48, 11 October 2020
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	* Whole life solution.		* Whole life solution.

−	[[Category:Cost_/_business_planning]] [[Category:Procurement]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 14:11, 2 August 2019

2019-08-02T14:11:46Z

← Older revision		Revision as of 14:11, 2 August 2019
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	Unlike fixed equipment that is classified as a hard cost, moveable furniture and equipment are classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are also deemed to be soft.		Unlike fixed equipment that is classified as a hard cost, moveable furniture and equipment are classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are also deemed to be soft.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Budget.		* Budget.
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	* Relevant cost.		* Relevant cost.
	* Whole life costs.		* Whole life costs.
		+	* Whole life solution.

	[[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 16:19, 6 August 2018

2018-08-06T16:19:08Z

← Older revision		Revision as of 16:19, 6 August 2018
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	* Cost vs price.		* Cost vs price.
	* Front-loaded costs.		* Front-loaded costs.
		+	* Irrelevant cost.
	* Life cycle costs.		* Life cycle costs.
	* Prime cost sum.		* Prime cost sum.

Editor at 16:06, 6 August 2018

2018-08-06T16:06:38Z

← Older revision		Revision as of 16:06, 6 August 2018
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	* Prime cost sum.		* Prime cost sum.
	* Provisional sum.		* Provisional sum.
		+	* Relevant cost.
	* Whole life costs.		* Whole life costs.

	[[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 13:38, 28 February 2018

2018-02-28T13:38:30Z

← Older revision		Revision as of 13:38, 28 February 2018
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	* Cost plans.		* Cost plans.
	* Cost vs price.		* Cost vs price.
		+	* Front-loaded costs.
	* Life cycle costs.		* Life cycle costs.
	* Prime cost sum.		* Prime cost sum.

Editor at 15:12, 3 January 2018

2018-01-03T15:12:33Z

← Older revision		Revision as of 15:12, 3 January 2018
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	* Cost.		* Cost.
	* Cost plans.		* Cost plans.
		+	* Cost vs price.
	* Life cycle costs.		* Life cycle costs.
	* Prime cost sum.		* Prime cost sum.

Designing Buildings at 15:57, 1 December 2017

2017-12-01T15:57:42Z

← Older revision		Revision as of 15:57, 1 December 2017
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−	There are a wide variety of different construction costs that must be built into a project’s budget. Many ~~costs~~ can be divided into two ~~main~~ categories – hard costs and soft costs.	+	There are a wide variety of different construction costs that must be built into a project’s budget. Many of these can be divided into two categories; hard costs and soft costs.

−	Often referred to as 'brick-and-mortar costs', hard costs refer to the cost of physical construction such as ~~the~~ foundations, ~~structure~~, interior finishes, and so on. Hard costs, being ~~more~~ tangible, tend to be ~~easier~~ to estimate but ~~will~~ vary according to the project type. For example, a complex facility such as a ~~factory or laboratory~~ will have higher hard costs per square metre than an office building.	+	Often referred to as 'brick-and-mortar costs', hard costs refer to the cost of physical construction, such as; foundations, superstructure, interior finishes, labourers, equipment, drainage and so on. Hard costs, being 'tangible', tend to be relatively easy to estimate but vary significantly according to the project type. For example, a complex facility such as a hospital will tend to have higher hard costs per square metre than an office building.

−	~~Hard costs might include:~~	+	Soft costs are those costs that, unlike hard costs, are not instantly visible or tangible, and are not directly related to labour or building materials. This might include:
−		+
−	* Labour, equipment and materials required to complete the built structure.	+
−	* Site costs, such as utilities, drainage and so on.	+
−	* Landscape costs.	+
−		+
−	Soft costs ~~refer to~~ those costs that, unlike hard costs, are not instantly visible or tangible, and are not directly related to labour or building materials.	+
−		+
−	~~Soft costs~~ might include:	+

	* Fees.		* Fees.
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	* Public relations and advertising costs.		* Public relations and advertising costs.

−	Unlike fixed equipment that is classified as hard ~~costs~~, moveable furniture and equipment is classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are deemed to be soft~~. Soft costs can be influenced by certain legal requirements, i.e. if the design must include particular environmental features~~.	+	Unlike fixed equipment that is classified as a hard cost, moveable furniture and equipment are classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are also deemed to be soft.

	= Find out more =		= Find out more =

Editor: Created page with "There are a wide variety of different construction costs that must be built into a project’s budget. Many costs can be divided into two main categories – hard costs and soft ..."

2017-11-30T13:52:43Z

Created page with "There are a wide variety of different construction costs that must be built into a project’s budget. Many costs can be divided into two main categories – hard costs and soft ..."

New page

There are a wide variety of different construction costs that must be built into a project’s budget. Many costs can be divided into two main categories – hard costs and soft costs.

Often referred to as 'brick-and-mortar costs', hard costs refer to the cost of physical construction such as the foundations, structure, interior finishes, and so on. Hard costs, being more tangible, tend to be easier to estimate but will vary according to the project type. For example, a complex facility such as a factory or laboratory will have higher hard costs per square metre than an office building.

Hard costs might include:

* Labour, equipment and materials required to complete the built structure.
* Site costs, such as utilities, drainage and so on.
* Landscape costs.

Soft costs refer to those costs that, unlike hard costs, are not instantly visible or tangible, and are not directly related to labour or building materials.

Soft costs might include:

* Fees.
* Land costs.
* Off-site costs.
* Loans, accounting fees and interests.
* Insurances, permits and taxes.
* Public relations and advertising costs.

Unlike fixed equipment that is classified as hard costs, moveable furniture and equipment is classified as soft costs. This includes items such as computer equipment, telephone systems, and so on. Costs that can continue post-completion such as maintenance, security and other up-keep-related fees are deemed to be soft. Soft costs can be influenced by certain legal requirements, i.e. if the design must include particular environmental features.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Budget.
* Capital cost.
* Construction costs.
* Contract sum.
* Cost.
* Cost plans.
* Life cycle costs.
* Prime cost sum.
* Provisional sum.
* Whole life costs.

[[Category:Cost_/_business_planning]] [[Category:Procurement]]